The star of ‘How to Be a Latin Lover’ bought the three-bedroom California home in 2014

The star and producer behind new comedy flick “How to Be a Latin Lover,” is on the cusp of selling his modern architectural home in Pacific Palisades outside of Los Angeles.

Eugenio Derbez, 55, a superstar in Mexico and in Spanish-speaking pockets of the U.S. and who plays an aging gigolo alongside co-stars Salma Hayek, Raquel Welch, Rob Lowe and Kristen Bell in the film, is asking $5.349 million for the three-bedroom property and has an interested buyer in hand, according to listing records, which show the home went into contract on Wednesday. It first hit the market in October.

The home sits on a quiet, uppermost section of El Medio Place, at the very edge of Temescal Canyon Park. From that perch, the backyard’s pool area and patio get sweeping views over Santa Monica and the Pacific Ocean, images of the home show.

The house was built in 1951, though it has a contemporary feel with floor-to-ceiling windows and a floating fireplace wall dividing the living and dining areas. The entire second floor is devoted to the master suite, which has wide-plank French oak flooring, a fireplace and balcony, according to the listing with Gloria Carmona of John Aaroe Group. Ms. Carmona declined to comment on the home.

The kitchen has stainless steel countertops and a dining nook with large windows looking out over lush landscaping. The property totals half an acre, including a saltwater pool and a very secluded patio nook.

The Mexican actor, who primarily stars in Spanish-speaking films and television, has also had roles in Adam Sandler’s “Jack and Jill” and Eva Mendes flick “Girl in Progress.”

Mr. Derbez bought the home in 2014 for $4.25 million through a production company of which he is a managing member, according to property records. The actor did not immediately return a request for comment.